| It is important to understand on what grounds your | | | | any claims made for a mortgage payment will be |
| claims for an insurance may not be accepted by your | | | | rejected. Remember, you can make a claim for |
| insurance company. You must be aware that some | | | | compensation only if you are employed and are not on |
| claims are accepted and some are rejected. Some | | | | any contract. If you are sick, redundant, met with an |
| may have signed up a policy without understanding the | | | | accident and have been paying your mortgage |
| eligibility conditions covered under the policy. It is the | | | | protection insurance premiums, you can make a claim |
| responsibility of the individual applying for a policy to | | | | for compensation when you are out of job. |
| understand the terms and conditions. | | | | Your claims for compensation may be rejected if you |
| While applying for a loan, it is important to understand | | | | are on sick leave and are getting paid by your |
| that you have not signed in for any insurance along | | | | company. Don't apply for it when you are enjoying a |
| with the loan. A mortgage loan may have been | | | | compensation from your organisation, you can make a |
| offered to you along with the mortgage loan protection | | | | claim after you have exhausted your sick leave and |
| insurance, you may have signed for it without being | | | | have no income paid out to you. However, most |
| aware. Always check the forms for loan approval and | | | | Mortgage Protection Insurance cover was not sought |
| select only those which is relevant to you. You may be | | | | out by consumers, and in some cases consumers are |
| a self employed person and have signed up for these | | | | not aware that they even have the insurance. Take |
| insurance cover. | | | | care of all these when you are signing up for a policy. |
| But, these policies do not include a self employed and | | | | |